Veljan Denison Limited (VELJAN)

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Veljan Denison Limited (VELJAN) · mywealthgrid

About

Veljan Denison Limited is a mid-sized auto components and equipment supplier in India's automotive sector, with market cap ₹820.94 Cr. The company generates quarterly revenue of ₹33–37 Cr and maintains consistent net profitability of ₹5–6 Cr, with operating margins stable at 21–27%. Its positioning in Consumer Discretionary reflects dependence on vehicle demand cycles.

Face value: ₹10

Market cap

₹1,033 Cr

P/E

43.6×

P/B

4.6×

Dividend yield

0.7%

ROE

11%

ROCE

15.2%

Debt / equity

0.04

OPM

23.7%

EPS (TTM)

₹52.7

Book value

₹501.7

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

PE of 34.61 appears elevated after 43.13% one-year appreciation, creating valuation compression risk if growth moderates
ROE of 11.02% indicates modest capital efficiency; verify if returns are sufficient relative to risk
EPS has ranged from ₹0 to ₹24.67 across 8 quarters despite stable net profit of ₹5–6 Cr, suggesting capital structure changes or share issuance; clarify the driver
Thin institutional investor base (0% FII, 0.01% DII) and concentrated shareholding (74.98% promoter) create liquidity concentration risk; verify market depth

Generated analysis · source review pending

Growth drivers

Revenue increased 33% from ₹28.27 Cr (Jun 2023) to ₹37.54 Cr (Mar 2025); verify if driven by volume wins or pricing and if trend sustains
Low D/E of 0.04 provides balance-sheet capacity for capex or M&A; verify management's capital deployment plans
Auto component volumes follow OEM production cycles; verify current domestic vehicle production trends and company's customer exposure

Generated analysis · source review pending

2,394 historical price candles were omitted because the exchange source has not been verified.

₹2,296.1+10.2%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 23.7%
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 52.6×
+Dividend payout of 32.3% of profit
+High promoter holding of 75% with no pledge

Cons

−Low return on equity of 10.9% (3-yr avg)

Research score

Structured signal from quality, growth, valuation and momentum.

49/100

Business quality: 64
Valuation: 34

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Samvardhana Motherson International LimitedMOTHERSONMOTHERSON	₹1,65,731 Cr	₹1,81,626 Cr	₹1,31,135 Cr	₹12,541 Cr	9.4%	₹4,380 Cr	3.2%	12.6%	10.2%	-26
Bosch LimitedBOSCHLTDBOSCHLTD	₹1,34,166 Cr	₹1,34,166 Cr	₹21,088 Cr	₹2,832 Cr	13.2%	₹2,363 Cr	13.8%	21%	19.4%	13
Bharat Forge LimitedBHARATFORGBHARATFORG	₹89,644 Cr	₹96,518 Cr	₹17,543 Cr	₹2,963 Cr	17.4%	₹706 Cr	6.5%	17.9%	11.5%	136
Uno Minda LimitedUNOMINDAUNOMINDA	₹64,160 Cr	₹66,698 Cr	₹20,725 Cr	₹2,280 Cr	11.5%	₹1,202 Cr	6.5%	19.3%	19.1%	37
Schaeffler India LimitedSCHAEFFLERSCHAEFFLER	₹60,732 Cr	₹60,787 Cr	₹10,505 Cr	₹1,917 Cr	18.2%	₹1,253 Cr	11.9%	27.3%	20.2%	68
Sona Blw Precision Forgings LimitedSONACOMSSONACOMS	₹50,071 Cr	₹50,314 Cr	₹4,935 Cr	₹1,207 Cr	24.7%	₹686 Cr	14.1%	14.6%	11%	121
Tube Investments Of India LimitedTIINDIATIINDIA	₹45,302 Cr	₹45,695 Cr	₹23,754 Cr	₹2,260 Cr	9.9%	₹607 Cr	4.9%	15.4%	9.6%	41
Endurance Technologies LimitedENDURANCEENDURANCE	₹36,602 Cr	₹37,928 Cr	₹15,592 Cr	₹2,058 Cr	13.5%	₹970 Cr	6.5%	18.5%	15.2%	-6
Exide Industries LimitedEXIDEINDEXIDEIND	₹34,803 Cr	₹35,896 Cr	₹18,829 Cr	₹1,954 Cr	10.4%	₹932 Cr	4.8%	8.9%	6.1%	42
Dhoot Transmission LimitedDHOOTTRANSDHOOTTRANS	₹29,518 Cr	₹30,359 Cr	₹4,525 Cr	₹711 Cr	15.7%	₹397 Cr	8.8%	30.8%	23.1%	69
Craftsman Automation LimitedCRAFTSMANCRAFTSMAN	₹26,897 Cr	₹30,238 Cr	₹8,717 Cr	₹1,357 Cr	15.3%	₹465 Cr	4.8%	16.1%	12.5%	74
Sansera Engineering LimitedSANSERASANSERA	₹26,686 Cr	₹27,144 Cr	₹3,753 Cr	₹696 Cr	18.1%	₹351 Cr	9.3%	14.7%	11.1%	98

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2024	Mar 2025
	138	156
COGS	46	54
Gross profit	91	102
	58	65
Operating profit (EBITDA)	33	37
OPM %	24.2%	23.7%
Depreciation	6	6
Interest	1	1
	3	3
Profit before tax	30	33
Tax	8	9
Tax %	25.4%	28.2%
	22	24
PAT margin %	16%	15.2%
EPS (₹)	49.1	52.7
EPS adjusted (₹)	49	52.7
	34.7%	16.1%
Annual report	Annual report for Mar 2024	Annual report for Mar 2025

₹ Cr	Mar 2023	Mar 2024	Mar 2025
Equity capital	2	2	5
Reserves	—	203	221
	—	7	8
	—	27	33
Total equity & liabilities	—	239	268
	87	90	95
CWIP	—	3	2
Investments	—	0	0
	—	147	171
Total assets	—	239	268

₹ Cr	Mar 2024	Mar 2025
	15	19
	-8	-9
	-8	-4
Net cash flow	-0	7
Free cash flow	5	9
CFO / Operating profit %	46%	52.6%

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: 13%

Compounded profit growth

7 years: —
5 years: —
3 years: —
1 year: 8%

Return on equity

7 years: —
5 years: —
3 years: —
Last year: 11%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2024	Mar 2025
Margins
Gross margin %	66.3%	65.4%
EBITDA margin %	24.2%	23.7%
EBIT margin %	20.2%	19.8%
PAT margin %	16%	15.2%
Working capital
Receivable days	82	82
Inventory days	511	515
Payable days	78	89
NWC days	515	508
Leverage
Current ratio	5.03	4.88
Debt to EBITDA	0.21	0.23
Debt to equity	0.03	0.04
Interest coverage	29.7	52.6
Asset turnover	0.58	0.58
Return ratios
Return on assets %	9.2%	8.9%
Return on capital employed %	14.6%	15.2%
Return on equity %	10.8%	10.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	25.02%	25.02%	25.02%	25.01%	25.01%	25.01%	25.01%	25.01%	25.01%	25.01%	25.01%	25.01%
No. of shareholders	—	—	—	—	—	—	—	—	4,822	4,700	4,549	4,383

Promoter holding up 0 percentage points since Sep 2023.

Mr. SRI KRISHNA UPPALURIExecutive Director-Chairperson related to Promoter-MD
Mr. SURESH AKELLANon-Executive - Independent Director
Mr. MANISH MOHAN MOTWANINon-Executive - Independent Director
Mr. VELAMATI GANGADHAR SRINIVASNon-Executive - Non Independent Director
Mrs. UMADEVI UPPALURINon-Executive - Non Independent Director
Mr. VIDYASAGAR GANNAMANINon-Executive - Independent Director
Mr. G Subba RaoChief Financial Officer
Mr. RAMESH KUMAR NIMMAGADDANon-Executive - Independent Director
Mrs. SUNAINA SINGHNon-Executive - Independent Director
Mrs. RAMYANKA YADAV KEVERALACompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Veljan Denison Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Veljan Denison Limited- Disclosure regarding the Credit rating of the Company by the registered Credit Rating Agency CARE Ratings Limited for F Y 2025.-as attached21 Jul 2025 from CARE

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

19

Final dividend21 Aug 2026 · ex-date₹8.5
Final dividend22 Aug 2025 · ex-date₹8.5
Dividend dividend20 Sept 2024 · ex-date₹17
Dividend dividend22 Sept 2023 · ex-date₹13
Dividend dividend22 Sept 2022 · ex-date₹13
Dividend dividend21 Sept 2021 · ex-date₹10
Interim dividend24 Feb 2020 · ex-date₹10
Dividend dividend20 Sept 2019 · ex-date₹10
Dividend dividend19 Sept 2018 · ex-date₹10
Final dividend15 Sept 2017 · ex-date₹10
Interim dividend22 Mar 2016 · ex-date₹10
Dividend dividend21 Sept 2015 · ex-date₹10
Dividend dividend25 Sept 2014 · ex-date₹7.5
Dividend dividend25 Sept 2013 · ex-date₹7.5
Dividend dividend24 Sept 2012 · ex-date₹7.5
Dividend dividend22 Aug 2011 · ex-date₹7.5
Dividend dividend24 Jun 2010 · ex-date₹5
Dividend dividend25 Mar 2009 · ex-date₹5
Dividend dividend24 Mar 2008 · ex-date₹5

1

Board meeting to consider results3 Aug 2026

1

Bonus 1:129 May 2024 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

21 announcementsExport CSV

28 Sept 2026, 10:52 amInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2024	Mar 2025
Margins
Gross margin %	66.3%	65.4%
EBITDA margin %	24.2%	23.7%
EBIT margin %	20.2%	19.8%
PAT margin %	16%	15.2%
Working capital
Receivable days	82	82
Inventory days	511	515
Payable days	78	89
NWC days	515	508
Leverage
Current ratio	5.03	4.88
Debt to EBITDA	0.21	0.23
Debt to equity	0.03	0.04
Interest coverage	29.7	52.6
Asset turnover	0.58	0.58
Return ratios
Return on assets %	9.2%	8.9%
Return on capital employed %	14.6%	15.2%
Return on equity %	10.8%	10.5%

Date	Category	Subject	Filing
28 Sept 2026, 10:52 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
8 Sept 2026, 9:26 am	Company Update Resignation of Chairman	Announcement under Regulation 30 (LODR)-Resignation of Chairman	PDF
8 Sept 2026, 9:26 am	Company Update Resignation of Chairman	Announcement under Regulation 30 (LODR)-Resignation of Chairman	PDF
8 Sept 2026, 9:22 am	Company Update Resignation of Director	Announcement under Regulation 30 (LODR)-Resignation of Director	PDF
29 Aug 2026, 7:30 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Aug 2026, 7:28 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
10 Aug 2026, 12:23 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
7 Aug 2026, 4:06 pm	AGM/EGM AGM	52Nd Annual General Meeting -29Th August 2029 At 11.00 AM At A18,19,APIE, Balanagar, Hyderabad-500037, Telangana- As Attached	PDF

Veljan Denison Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Dividends19

Board meetings1

Bonus issues1

Announcements

Dividends19

Board meetings1

Bonus issues1

Ratio timeline

Quarterly record

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

19

1

1

19

1

1